95% financing will vanish on October 20th 2008

I was just made aware that the only remaining private mortgage insurer, Radian, is no longer going to be insuring conforming conventional mortgages at less than 90% loan to value. Currently, borrowers with good credit are still able to obtain a conforming conventional mortgage (under $417,000), with a 5% down payment, until the effective date of October 20th, 2008. So, if you are looking at homes above the FHA max ($346,250) and you are hoping to buy a home with less than 10% down, now is the time to act.

Here is a link to additional information on Radian's site.